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Thanks for the great and thorough analysis! I have done some work on DNB as well. The one thing I haven't yet got my head around, is that how they're going to reduce the big pile of debt? Personally I think it's a drag on the valuation and also not good for shareholders in the long run. The interest expenses consume much of the opeational cash flow. Any thoughts on how they could perform the pay down of the debt... just many years of waiting?

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